Top Analyst Upgrades and Downgrades: Alcoa, BP, Broadcom, Garmin, Gigamon, KKR, Potash, Zillow and More

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Stocks were trying to stage a small recovery on Wednesday after two days of selling pressure have rattled the markets. Investors are still looking for upside in stocks, but perhaps via key stock picks rather than just trying to ride a tired bull market even higher. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week. We are looking for new ideas for our readers. Some of the analyst reports cover stocks to buy, and some cover stocks to sell or stocks to avoid.

These are this Wednesday’s top analyst upgrades, downgrades and initiations from Wall Street firms.

Alcoa Inc. (NYSE: AA) was reiterated Buy with an $18 price target at Sterne Agee. Merrill Lynch maintained its Neutral rating and $16 price target.

Apollo Investment Corp. (NASDAQ: AINV) was raised to Buy from Neutral with a $10 price target (versus a $8.56 close and a $8.83 consensus target) at SunTrust Robinson Humphrey. Keep in mind that this is one of those stocks that yields over 9%.

BP PLC (NYSE: BP) was downgraded to Hold from Buy at Deutsche Bank

Broadcom Corp. (NASDAQ: BRCM) was raised to Outperform from Perform with a $45 price target (versus a $37.62 close) at Oppenheimer.

Container Store Group Inc. (NYSE: TCS) is at a post-IPO low after cutting earnings guidance handily. Barclays has cut its price target to $26 from $32. Credit Suisse slashed its price target to $32 from $45.

Deutsche Bank A.G. (NYSE: DB) was raised to Overweight from Neutral at J.P. Morgan

DHT Holdings Inc. (NYSE: DHT) was started with a Buy rating at Canaccord Genuity.

Enbridge Inc. (NYSE: ENB) was reinstated as Neutral at Credit Suisse.

ALSO READ: Merrill Lynch Top Value Picks for the Rest of 2014